02 Jul 2019

Following a double deal announcement in May, Momentum has completed two new deals in quick succession.


On Tuesday 11 June, next generation software specialist MooD Enterprises was sold to CACI, the US information systems and marketing solutions giant.


Bernard Edwards, Founder & Chairman, MooD Enterprises


“The Momentum team did a really good job. Helping us find the right future parent that we could work with and helping us all keep the project on track right up to the final 'marriage vows' – brilliant.”




Momentum then followed the sale of MooD Enterprises with the sale of a UK based defence business to an overseas acquiror, which completed on Monday 24 June, the details of which are not disclosed.


Alastair Boorman, Partner at Momentum commented:


“These two transactions, both to overseas headquartered purchasers, illustrate the continued appetite for British businesses abroad.  Brexit is not proving to be a significant obstacle to cross border deal making.


This caps off a fantastic first half of 2019 for Momentum, having advised on six deals, including the MBO of Acquis Insurance backed by Dunedin Private Equity, the sale of The Plastic Surgeon, owned by Mobeus Equity Partners, concluding with these two disposals to overseas acquirors.”

 

 https://www.businessleader.co.uk/momentum-corporate-finance-close-first-half-of-year-with-two-further-deals/69653/